ABFL definition
Examples of ABFL in a sentence
The Borrower hereby gives his / her consent and authorise ABFL to use / preserve the KYC documents submitted at the website / App during onboarding.
Unresolved disputes or differences shall be referred to a sole Arbitrator, who shall be appointed by ABFL only and the Borrower shall have no objection to the same.
The Borrower hereby specifically consents to the right of ABFL to sell or transfer.
ABFL shall, at its discretion, obtain a confidential credit report on the borrower from its other lenders.
ABFL agent/representative shall never demand for cash repayment of the Loan and the Borrower agrees that any cash repayment made by the Borrower to any person in such regard is at his/her own risk and not adjustable from Loan amount/interest or Charges/fees associated with the Loan, further ABFL shall not be held liable for the same.
The records maintained by the ABFL shall be conclusive proof of the amounts outstanding from and due by the Borrower.
The Borrower hereby gives his / her consent and authorise ABFL to disburse the Loan amount to Aggregator for onward remittance into the third party account, as purpose of the Loan is to finance the product / services availed from such third party.
For avoidance of doubt, it is made clear that the such payment to monies to Aggregator by ABFL shall make the disbursement complete irrespective of the fact that whether Aggregator transfers such money to such third party or not and the Borrower shall be liable to repay such money to ABFL.
The ABFL shall have the right to recall the Loan at any time at its discretion, without assigning any reasons for such recall, and upon such recall, the Loan and all other amounts stipulated by the ABFL shall be payable forthwith.
ABFL shall have a right to sell or transfer (by way of assignment, securitisation or otherwise) whole or part of the outstanding amounts under the Facility or any other rights under this Standard Terms or any other document pursuant hereto to any person in a manner or under such terms and conditions as ABFL may decide in its sole discretion, with or without notice to the Borrower.